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Market Update: Oil & Gas

Market Update: Oil & Gas

Monthly report focusing on the trends and price volatility facing the O&G sector and how the global market reacts.

Monthly report focusing on the trends and price volatility facing the O&G sector.

Oil & gas markets: monthly roundup – January 2017

A closer look at the growing dependency of China on foreign energy and uncertainty around the extension of the OPEC cuts beyond the first half of 2017.

"Faced by the recent rise in oil prices and softening of demand for its goods, the balance of China’s economy is being further pushed by the changing political landscape..." – Oliver Hsieh, Director, Commodity & Energy Risk Management, KPMG in Singapore

"There is still some uncertainty around compliance with production cuts due to lags in data availability, but it appears that the Saudi/GCC portion of the cuts will be completely implemented, with only partial compliance by others..." – Greg Priddy, Director, O&G, Eurasia Group*

"Some of the South African market conditions and risks apply to other Africa countries for example - increase in growth is expected across Africa in 2017 and the risk related to political uncertainty..." – Alwyn van der Lith, Oil & Gas Lead, KPMG in South Africa

"The mechanics of the exemption have been the subject of a long and public tussle between the European Securities and Markets Association (‘ESMA’, the European Union regulator)..." – James Maycock, Director, Forensic, KPMG in the UK

"Faced by the recent rise in oil prices and softening of demand for its goods, the balance of China’s economy is being further pushed by the changing political landscape..." – Oliver Hsieh, Director, Commodity & Energy Risk Management, KPMG in Singapore